Preferential issue of convertible warrants

Gita (Employee) (43 Points)

26 December 2011  

Dear Professionals,

Plz tell me is  der any way out to avoid forfeiture of 25% upfront money received earlier in compliance with SEBI Preferential allotment Guidelines  for warrants. If Company is not able to convert warrants issued on preferential basis in to equity shares with in 18 months as per SEBI guidelines.

Also can the price of shares be recalculated before converting it into warrants.

 

Regards

Gita